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GE Vernova reported second-quarter results with double-digit growth in both revenue and orders, mainly driven by strong performance in the power and electrification businesses. Gas turbine backlog increased from 100 GW in the first quarter to 116 GW, and the company expects it to reach 125 GW by year-end. The electrification business backlog exceeded $40 billion, up 69% year-over-year. Wind power orders declined 40% year-over-year, but the company mentioned a potential replacement cycle that could bring a turnaround.
With the rapid development of artificial intelligence, U.S. power companies are facing unprecedented pressure to expand the grid, but a shortage of skilled engineers and technicians is becoming a key bottleneck constraining project implementation. Based on industry analysis, this article explores the importance of talent as critical infrastructure and proposes multi-level solutions ranging from recruitment and training to policy support.
On June 22, the U.S. Department of Energy issued a rule simplifying electricity export authorization. On July 21, Public Citizen filed for reconsideration, stating that the rule contradicts the 'energy emergency' determination under Section 202(c) of the Federal Power Act and undermines public participation and judicial review rights.
FERC Chairman Swett: Proposes Incentives to Promote the Application of "Grid-Enhancing Technologies"
FERC Chair Laura Swett revealed at a Senate Energy and Natural Resources Committee oversight hearing that the agency has established a working group to study how to support the application of grid-enhancing technologies (GETs) through incentives. She noted that while the Federal Power Act prohibits FERC from mandating utilities to use GETs, the agency can guide transmission owners to analyze relevant technologies and consider incorporating them into the incentive framework.
Ford Motor Company and Global Power Products (GPP) announced today the launch of a plug-in device called the "Ford Vehicle Connector," which works with GPP's GenerLink transfer switch to provide up to five days of home backup power for F-150 Lightning and PowerBoost hybrid pickup truck owners. The solution costs approximately $1,350 to $1,550 and has been approved for use by more than 800 utility companies.
U.S. electricity demand is experiencing its steepest sustained growth since the Eisenhower era, yet policymakers are targeting utilities' return on equity and investment capacity. The author, Scott Aaronson, former senior vice president of the Edison Electric Institute, points out that cutting returns will not lower electricity bills but will instead raise capital costs, weaken grid resilience, and ultimately harm all consumers.
Salt River Project (SRP) said on Tuesday that it plans to seek board approval in September for the development of the Marigold Energy Center, located about 45 miles south of Phoenix, encompassing 400 MW of battery energy storage, 600 MW of solar power, and up to 675 MW of natural gas generation, aimed at serving the growing electricity demand in Maricopa and Pinal counties in Arizona.
U.S. manufacturers are facing challenges from energy price volatility and intensifying global competition, making the electrification of industrial thermal systems a significant opportunity. New analysis shows that by 2035, this transformation could unlock approximately $254 billion in investment, generate $471 billion in economic activity, and support 1.66 million jobs. Achieving this goal requires three pragmatic measures: optimizing industrial electricity pricing design, providing project financing support, and building a domestic equipment supply chain and workforce.
Five state ratepayer advocates from Delaware, Illinois, Maryland, and Ohio, along with Pennsylvania's Office of Consumer Advocate, filed requests for rehearing and clarification with FERC, arguing that the agency's show cause order to PJM fails to protect consumers from data center-driven transmission costs. They contend the order does not address cost allocation of network upgrades and leaves existing consumers on the hook for cost shifts.
Best Buy announced the installation of rooftop community solar gardens at its Long Island City store in New York and the activation of a solar field near its Dinuba, California distribution center, further expanding its renewable energy footprint. These projects are expected to generate substantial annual electricity, helping the company achieve its 2040 net-zero emissions target and its 2030 goal of reducing emissions by 75%.